Under the new rules cryptocurrency transactions are taxed in Hungary from the beginning of 2022

The new rules that were created by the Hungarian tax authorities have made these new rules that a 15% tax on income is payable, the certified costs for the current year are eligible and tax credit can be applied. The tax must be declared and paid annually in the Personal income tax return.

The regulation applies to transactions where an individual transfers a cryptocurrency that is available to anyone, i.e. in a non-private transaction, as well as the transfers including the exercise of a right secured by a cryptocurrency, and thus earns income, not in a cryptocurrency but legal tender.